Honda Abandoning New EVs

  • Thread starter Thread starter Steven B
  • Start date Start date
  • Replies Replies 2
  • Views Views 16
Subscribe to Remove Ads
yeah, we had a similar thread on the RSX forum:
B

Thread 'RSX EV is no more'

electrek.co

Honda is scrapping three of its most important EVs for the US, including the Acura RSX

Honda was set to launch three new electric vehicles in the US this year, but that will no longer happen....
electrek.co electrek.co


global.honda

Honda Announces Losses Associated with Reassessment of Automobile Electrification Strategy; Revision to Forecast for Consolidated Financial Results; and Future Direction | Honda Global Corporate Website

Honda Global | Honda Motor Co., Ltd. (Honda) today announced that it has made a decision to cancel the development and market launch of three EV (electric vehicle) models that had been planned for production in North America.
global.honda global.honda

the company made the decision to cancel the development and market launch of three EV models that had been planned for production in the U.S., namely the Honda 0 SUV, Honda 0 Saloon, and Acura RSX. Honda determined that starting production and sales of these three models in current business environment where the demand for EVs is declining significantly would likely result in further losses over the long term.
Click to expand...
 
Honda is canceling its new EV launches-including the Honda 0 SUV, Honda 0 sedan, and Acura RSX-due to heavy financial losses ($5–7 billion), weak U.S. EV demand, lost tax incentives, trade war impacts, and inability to compete in China’s software-focused EV market. The company will focus on hybrids in the U.S., delay EV launches until profitability improves, and executives will take temporary pay cuts. Software-defined vehicles (SDVs) are key in China, enabling faster feature updates and lower development costs, which Honda struggles to match.
 
Subscribe to Remove Ads
You must log in or register to reply here.
Back
Top